128: How Digital Payments Are Revolutionizing India ft. Infosys Chairman and Co-Founder Nandan Nilekani
The Bid
The Importance of Digital Public Infrastructure in India
India is building a new infrastructure for open digital commerce, which allows everyone to join a grid of payments. Unlike in the West, where you have only large organized trade or e-commerce, India has millions and millions of small businesses. We are happy to see that many countries are saying we want to adopt some of this around the world. "I think every one of these people here can change the world," he says.
Over the past 14 years, India has undergone a digital transformation that has caught the attention of the world: It has built a digital identity system that has created unique IDs for over a billion Indian people and launched a digital payment system that has revolutionized consumers’ access to financial services and healthcare. Host Mark Wiedman is joined by Nandan Nilekani, Co-founder and Chairman of Infosys to talk about how the country is building a digital public infrastructure that brings new economic growth for society
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